The Indian home textile and furnishing market is on the cusp of significant growth, presenting a plethora of opportunities for investors and businesses. This article provides an overview of the latest news and growth prospects in this flourishing industry.

Market Growth

The home textile market in India is set to flourish, with an expected value of USD 8.74 billion in 2023. What’s more promising is the projected Compound Annual Growth Rate (CAGR) of 9.84%, indicating a robust upward trajectory. Looking ahead to 2028, the market is estimated to expand to USD 13.98 billion, outpacing the global CAGR.

Domestic and Export Demand

Despite various challenges, such as geopolitical events, the Indian home textiles and furnishing industry
continues to thrive. A notable contributor to this growth is the export market, especially to Europe and the EU. Indian manufacturers are tapping into international demand for their quality products.

Global Market Size

The global furniture and home textiles market is also showing tremendous potential, with a projected value of USD 905,234.37 million by 2028. This not only underscores the opportunities for Indian exports but also the substantial growth potential in this sector.

India Furniture Market

In parallel with the home textile and furnishing industry, the India furniture market is on an upward trajectory. Expectations point towards reaching a significant value of US$ 41.4 billion by 2028. This parallel growth opens the door to potential synergies between the two sectors.

Industry Trends and Analysis

For those interested in a deeper dive into the industry, reports from IMARC Group provide valuable insights into trends, market size, and growth factors within India’s home furnishings market. These reports are invaluable for businesses seeking to capitalize on the burgeoning opportunities. (IMARC, 2003)

In summary, the Indian home textile and furnishing market is not only on the path to remarkable growth but is also positioned to outpace global growth rates. Both domestic and export opportunities make this industry an attractive sector for investment and expansion. As businesses explore this vibrant market, they can look forward to a promising future.

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Aditya kumar
Associate Consultant